Goodlands, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Goodlands, Manitoba, the real estate market is currently witnessing moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a steady climb in property values, which may be attributed to favorable economic factors and a growing local economy. Similarly, the median apartment price has reached $300,000, ascending at a slightly lower but still positive trend of 2.1% year-over-year. The current trends suggest a balanced market that is attractive to both homebuyers and investors.
Investment Opportunities and Potential
The real estate market in Goodlands presents several promising investment opportunities. With the population growing at an impressive rate of 7.1%, there is potential for increased demand in housing, particularly in the sectors of single-family homes and apartments. Investors may find long-term capital appreciation prospects within the market, especially considering the consistent upward trend in property prices. Rental properties also represent a viable opportunity due to the population influx, with potential for solid rental income and yield improvement over time.
Future Market Outlook
The outlook for Goodlands’ real estate market remains optimistic. The sustained population growth, now at approximately 15,000 residents, is likely to continue fueling demand for housing. If current trends persist, we can anticipate further gradual increases in property values across both houses and apartments. Investors and homeowners should monitor local economic developments and infrastructure projects as these factors could further enhance property valuations and investment returns in the future.
